EDMONTON, Dec. 29 /CNW/ - Humber Capital Corporation (TSXV:RUM) ("Humber") is pleased to announce the completion of a $9,950,000 credit facility (the "Facility") bearing interest at the prime rate, currently 3.5% per-annum, established through an agreement signed with a third party commercial lender. Humber has invested the $9,950,000 drawdown in guaranteed, short-term cash securities.
Humber owns 100% of Andersons Liquor Inc. ("Andersons") headquartered in Edmonton Alberta, which owns and operates 18 private liquor stores in that province. The Facility may support Andersons' previously disclosed plan to grow through the acquisition of private liquor stores.
The TSX Venture Exchange has in no way passed upon the merits of the transactions, and has neither approved nor disapproved of the contents of this press release.
This news release, as of this date, contains "forward-looking statements" within the meaning of applicable securities laws relating to potential acquisitions. Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risks that acquisitions may not materialize. If they do materialize, there remains a risk of non-execution for any reason (including the failure to obtain the required approvals or clearances from regulatory authorities).